U.S. agricultural exports in fiscal 2019 are projected at $141.5 billion, down $1.9 billion from fiscal year 2018 and unchanged from the August 2018 forecast, led by a steep decline in soybean and cotton shipments to China due to an ongoing trade dispute, according to the U.S. Department of Agriculture. Canada is expected to be […]...

The U.S. Gulf Coast became a net exporter of crude oil in late 2018 as crude oil exports increased, and imports decreased. As a result of its strong oil production growth, in the last two months of 2018, the U.S. Gulf Coast exported more crude oil than it imported, according to the Energy Information Administration. […]...

The most detailed analysis of Chinese AI research papers yet suggests that China is gaining on the US more quickly than previously thought. China may overtake the US with the best AI research in just two years, according to the new study by the Allen Institute for Artificial Intelligence. The institute previously created a tool, […]...

U.S. and China are nearing an agreement that would end their trade conflict, U.S. Trade Representative Robert Lighthizer told the Senate Finance Committee. U.S. Trade Representative Robert Lighthizer said at a Senate Finance Committee hearing: Our hope is we are in the final weeks of having an agreement. We have to maintain the right to […]...

In Northern California, it’s the time of year when almond trees come to life, and there are a lot of them. From February to early March, the Central Valley sees a flurry of pink and purple petals come to life for the almond bloom. The California almond industry is a large and dynamic part of […]...

The U.S. trade deficit in 2018 was $621.0 billion, up $68.8 billion from $552.3 billion in 2017, according to the U.S. Census Bureau, as imports increased more than exports. Exports were $2,500.0 billion in 2018, up $148.9 billion from 2017. Imports were $3,121.0 billion, up $217.7 billion from 2017. The 2018 increase in the goods […]...

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced that the U.S. monthly international trade deficit increased to $59.8 billion in December, from $50.3 billion in November, as imports increased and exports decreased. The goods deficit increased $9.0 billion in December to $81.5 billion. The services surplus decreased $0.5 billion in December […]...

The U.S. Commerce Department launched a national security probe into titanium sponge imports, a key input of defense applications, from helicopter blades and tank armor to fighter jet airframes and engines, and other equipment like space vehicles, satellites, naval vessels, missiles, and munitions. U.S. Secretary of Commerce Wilbur Ross accepted the Section 232 petition filed […]...

Over the course of 2018, the U.S. imposed import tariffs on approximately $283 billion of U.S. imports, with rates ranging between 10% and 50%. In response, U.S. trading partners, especially China, have retaliated with tariffs averaging 16% on approximately $121 billion of U.S. exports. The 2018 trade war had an almost immediate impact on prices […]...

U.S. Trade Representative Robert Lighthizer announced that the United States intends to remove India and Turkey out of the Generalized System of Preferences (GSP), because India failed to meet certain conditions to stay in program, while Turkey is sufficiently economically developed and requires no preferential market access to the U.S. market. India was the largest […]...